Stocks, bonds and the dollar saw small moves on Monday, with traders awaiting the latest inflation figures, remarks from Federal Reserve speakers and results from giant retailers. In a thin trading session, the S&P 500 hovered near its key 4,400 mark. The gauge closed little changed after posting nine positive days out of 10 — … Read more
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether they’ve done enough to keep the momentum going. Speaking a little more than a week after the central bank voted to hold benchmark policy rates steady, Powell said in remarks … Read more
The long-anticipated US recession may still be lurking out there, somewhere. But for now, the economy is barreling toward 2024 in better shape than even optimists had expected only six months ago. Growth in the third quarter blew past expectations, jobs remain plentiful, consumers are still spending, and house prices have held firm. Signals from … Read more
Stocks extended their November rally amid a surge in tech giants, a relatively calm session for bonds and no major surprises from Federal Reserve speakers. A rebound in the S&P 500’s most-influential group sent the gauge to a seven-week high. The US equity benchmark broke above its key 4,400 mark and the 100-day moving average … Read more
Stock Market Today: Dow, S&P Live Updates for Nov. 6 Bloomberg Source link
Hi, it’s Giles Turner in London with the latest on Saudi Arabia’s global sporting ambitions. Elsewhere, Goldman’s new MD class shrinks and US Steel lines up site visits for suitors. Today’s top stories Cricket is one of those sports that, depending where you grew up, is either a bizarre, quaint game played by people in … Read more
The Indian stock market indices, Nifty 50 and Sensex, are likely to open higher on Thursday following strong global cues. The Asian markets traded in the green, while the US stocks ended sharply higher overnight after the US Federal Reserve kept interest rates unchanged. Hopes that the US central bank is done with rate hikes … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at reporting from Olivia Raimonde and Craig Torres of the resilience in corporate credit. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this … Read more
Euro-area inflation eased to its lowest level in more than two years as the bloc’s economy shrank following an unprecedented ramp-up in interest rates. Consumer prices rose 2.9% in October — down from the previous month’s 4.3% and better than the 3.1% median estimate in a Bloomberg survey analysts. In a separate release, Eurostat said … Read more
Stock Market Today: Dow, S&P Live Updates for November 1 Bloomberg Source link